How to calculate loan leverage ratio

How to calculate the loan leverage ratio? The so-called leverage is the fund magnification achieved by using the margin trading mechanism. The greater the leverage, the greater the capital magnification and the higher the capital utilization rate. The smaller the leverage, the smaller the capital magnification. Each product manual has a margin ratio, and the margin ratio divided by 1 is the leverage ratio. Leverage ratio = stock spot price ÷ (warrant price x share conversion ratio) delta value: The so-called Delta value refers to "the unit amount of warrant price expected to change for every unit change in stock price".